Page 14 - AfrOil Week 03 2022

AfrOil PROJECTS & COMPANIES AfrOil

The ASD-2 well follows on from the exploration “AJ-13 has been brought on stream in less than
success that was made in 2021 with the ASD-1X eight days from completion using the existing
well. It will target the Abu Roash reservoirs in a facilities and generating production and reve-
more northerly part of the same structure, aim- nue for the company. With initial gross produc-
ing to access the upside reserves and accelerate tion rates of 600 bpd, we expect the well to pay
production from this field. back in under nine months, similar to previous
Brian Larkin, the CEO of OUG, commented: wells.” ™

Backers of Egbokor Energy Park

expect launch by end-March

NIGERIA BACKERS of the Egbokor Energy Park project He continued: “Our plan is that once we do
are reportedly expecting construction work this at the initial take-off, we will then add the
on the new facility, which is being built in the other modules to it in a quarterly and biennial
Orhionmwon Local Government Area (LGA) way. In that way, we will be able to utilise assets
of Nigeria’s Edo State, to be completed in less optimally, avoid wastage, look after the environ-
than three months. ment and create jobs.”
According to Dr. Akintoye Akindele, the The project will help Nigeria improve domes-
CEO of Atlantic International Refinery and Pet- tic fuel supplies and reduce dependence on
rochemical, both the park’s owner, Duport Mid- imported petroleum products while also mak-
stream, and the bank providing the financing, ing better use of its own oil and gas resources,
First City Monument Bank (FCMB), have said he added.
that the complex will be ready for inauguration Meanwhile, FCMB managing director
by the end of March. The facility will eventually Yemisi Edun also delivered a positive report,
be home to a modular oil refinery, a natural saying that the bank expected the Egbokor
gas-processing plant, a gas-fired thermal power Energy Park to become operational soon. “The
plant (TPP) and a data centre, he said. project is doing well in terms of financing and
He stressed, though, that the Egbokor rating. I can say they are almost getting to com-
Energy Park would not begin operating at full pletion,” she said. “The management are very
capacity. Instead, he said, it will open in phases, much convinced that in the next 60 days they
since Duport is inaugurating the project to sat- should be able to commission the project, and it
isfy local authorities. The launch ceremony “is at fits our timeline.” ™
the behest of the government [and] will happen
at different levels,” he was quoted as saying by
This Day.
The company’s immediate priority is to
bring representatives of the relevant regula-
tory authorities to the site to “ensure that all we
are ready,” he said. “We must test for a while,”
he added. “We will start testing in the next 30
to 45 days for the government to confirm and
commission.”
Akindele noted that Duport’s original plans
called for the park’s first phase to have a 10,000
barrel per day (bpd) modular oil refinery, a
60mn cubic feet (1.7mn cubic metre) gas-pro-
cessing plant, a 10 mmcf (283,200 cubic metre)
CNG plant, a 50-MW TPP and a data centre.
Now, though, the company will need more time
to bring capacity up to that level, he said.
“This will be delivered in modules,” he said,
according to This Day. “Module one or phase
one will be going live in the next 30 days, and
after we get approval from the Department of
Petroleum Resources (DPR) to go live, we will be
starting with a 2,500 bpd refinery, 40 mmcf [1.13
mcm] gas processing, 5-MW power [plant], a
data centre and almost 20,000 tonnes of storage.” Photo taken by Duport during last week’s site visit (Photo: Duport Midstream)

P14 www. NEWSBASE .com Week 03 19•January•2022